Norwegian-based shipping company Wallenius Wilhelmsen Ocean AS is likely facing millions of dollars in fines after pleading guilty today in Australian federal court to criminal cartel conduct. Wallenius Wilhelmsen Ocean AS, a subsidiary of Wallenius Wilhelmsen ASA, was charged in August 2019 following an investigation by the Australian Competition and Consumer Commission … [Read more...]
ARC Wins Major Global Household Goods Contract from U.S. Transportation Command
File Photo: American Roll-On/Roll-Off Carrier (ARC) U.S.-flag ro-ro carrier ARC has been awarded a major contract to provide global relocation services for the Department of Defense and U.S. Coast Guard. The Global Household Goods Contract, valued at over $7 billion, was awarded to ARC this week by the U.S. Transportation Command. ARC is a subsidiary of Oslo, … [Read more...]
Wallenius Wilhelmsen Announces 2,500 Temporary Layoffs in U.S. and Mexico
File photo: Wallenius Wilhelmsen Wallenius Wilhelmsen has announced temporary layoffs of 2,500 workers as it suspends operations at several land-based processing facilities in the U.S. and Mexico as the coronavirus pandemic wreaks havoc on its business. “While we work diligently to avoid reductions in our workforce, we have no choice but to respond to the disruption … [Read more...]
Wallenius Wilhelmsen Mothballs Vessels, Cuts Dividend
Photo Credit: ZEON/CC BY 3.0 OSLO, March 23 (Reuters) - Shipping firm Wallenius Wilhelmsen, which transports cars and other vehicles from factories to markets, has cut its dividend to zero and will mothball up to 10 vessels as demand plunged amid the coronavirus outbreak, it said on Monday. The company also plans to scrap up to four older vessels, it … [Read more...]
Wallenius Wilhelmsen Charged with Criminal Cartel Conduct in Australia
SYDNEY, Aug 23 (Reuters) - Norwegian shipping company Wallenius Wilhelmsen Ocean AS (WWO) has been charged with criminal cartel conduct, Australian Competition and Consumer Commission (ACCC) said on Friday. The ACCC said the charges relate to the shipping of vehicles to Australia between June 2011 and July 2012. Wallenius Wilhelmsen said it had been cooperating fully with … [Read more...]